In examining consumer behavior,one of the constraints faced by consumers is
A) happiness
B) quantities consumed
C) tastes and preferences
D) entrepreneurial ability
E) income

Question

Quizplus · Accepted Answer

Income is a major constraint faced by consumers as it determines their purchasing power and limits their ability to buy certain goods or services. Consumers may have tastes and preferences, but their ability to satisfy these preferences is ultimately limited by their income. Happiness, quantities consumed, and entrepreneurial ability are not typically considered constraints that consumers face.

In Examining Consumer Behavior,one of the Constraints Faced by Consumers